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AirAsia Group reports profitability in 3Q2011, expects good 4Q2011

23-Nov-2011 12:46 PM

AirAsia revenue up 10% – financial highlights for three months ended 30-Sep-2011:

  • Revenue:
  • Operating profit:
    • AirAsia: USD79.2 million, +1.9%;
    • Thai AirAsia: USD6.3 million, -48.4%;
    • Indonesia AirAsia: USD1.9 million, -90.1%;
  • Passenger numbers:
    • AirAsia: 4.3 million, +8%;
    • Thai AirAsia: 1.6 million, +18%’
    • Indonesia AirAsia: 1.4 million, +30%;
  • Load factor:
    • AirAsia: 77%, -1 ppt;
    • Thai AirAsia: 80%, +4 ppts;
    • Indonesia AirAsia: 78%, -3 ppts;
  • Average fare:
    • AirAsia: USD56.69, +4%;
    • Thai AirAsia: USD61.56, +12%;
    • Indonesia AirAsia: USD70.88, +5%;
  • Revenue per ASK:
    • AirAsia: USD 5.23 cents, +3%;
    • Thai AirAsia: USD 5.26 cents, +10%;
    • Indonesia AirAsia: USD4.99 cents, +1%;
  • Cost per ASK:
    • AirAsia: USD 4.00 cents, +5%;
    • Thai AirAsia: USD 4.97 cents, +20%;
    • Indonesia AirAsia: USD 4.91 cents, +28%;
  • Cost per ASK excl fuel:
    • AirAsia: USD 1.96 cents, -15%;
    • Thai AirAsia: USD 2.73 cents, +8%;
    • Indonesia AirAsia: USD 2.46 cents, +13%;
  • Average stage length:
    • AirAsia:
    • Thai AirAsia:
    • Indonesia AirAsia: 1324 km, stable;
  • Total assets:
    • AirAsia: USD4263 million, +2.2% when compared to period ended 31-Dec-2010;
    • Thai AirAsia: USD117.5 million, +71.6% when compared to period ended 31-Dec-2010;
    • Indonesia AirAsia: USD36.2 million, +76.1% when compared to period ended 31-Dec-2010;
  • Cash and short-term deposits:
    • AirAsia: USD518.5 million, +9.4% when compared to period ended 31-Dec-2010;
    • Thai AirAsia: USD43.7 million, +130% when compared to period ended 31-Dec-2010;
    • Indonesia AirAsia: USD17.8 million, +298% when compared to period ended 31-Dec-2010;
  • Total liabilities:
    • AirAsia: USD3008 million, -0.5% when compared to period ended 31-Dec-2010;
    • Thai AirAsia: USD154.5 million, +3.8% when compared to period ended 31-Dec-2010;
    • Indonesia AirAsia: USD177 million, +6.3% when compared to period ended 31-Dec-2010. [more – Original PR]

*Based on the conversion rate at USD1 = MYR3.17497

^Based on the conversion rate at USD1 = THB31.175

~Based on the conversion rate at USD1 = IDR9025

AirAsia Group: “We are going to have a good fourth quarter. Our forward booking in the final quarter remains very strong for Malaysia, Thailand and Indonesia,” Tony Fernandes, CEO. Source: AirASia Group, 22-Nov-2011.